Fisher Brothers recently announced more than 60,000 square feet of leasing activity at 299 Park Avenue in Midtown East, Manhattan. The property has seen a lease renewal from law firm Becker, Glynn, Muffly, Chassin & Hosinski LLP, a lease renewal from real estate capital markets firm Park Madison Partners, and a new lease with investment company MacKay Shields LLC.
New renderings have been revealed for 350 Park Avenue, a proposed supertall office skyscraper in Midtown East, Manhattan. Designed by Norman Foster of Foster + Partners and developed by Ken Griffin, Vornado Realty Trust and Rudin, the 62-story structure is planned to rise roughly 1,600 feet tall and yield 1.8 million square feet of office space, with 54 percent to be occupied by the hedge fund Citadel LLC. The project site is bound by East 52nd Street to the north, East 51st Street to the south, and Park Avenue to the east.
L&L Holding Company has secured $911 million in refinancing for 425 Park Avenue, an office skyscraper in Midtown East, Manhattan. Sumitomo Mitsui Trust Bank led the refinancing as the principal lender, with the new five-year floating rate loan intended to replace a similar-sized loan from 2021 that supported the tower’s final construction and leasing activities.
Construction is continuing to rise on 126 East 57th Street, a 28-story residential building on Billionaires’ Row in Midtown East, Manhattan. Designed by ODA Architecture and developed by MRR Development under the MRR 1326 LLC, the rising 346-foot-tall structure will yield 147 condominium units with an average scope of 1,156 square feet, as well as 5,000 square feet of lower-level retail space. WSP USA is the engineer and Plaza Construction is the general contractor for the property, which is being constructed on an L-shaped parcel at the corner of East 56th Street and Lexington Avenue, with a narrow extension to East 57th Street.
Construction is complete on Minuet, a seven-story condominium building at 244 East 52nd Street in the Turtle Bay section of Midtown East, Manhattan. Designed by Isaac and Stern Architects with GeT Architect as the interior designer and developed by Minrav Development, the 26,000-square-foot structure yields 15 residential units, a cellar level, a 30-foot-long rear yard, and a rooftop terrace. DCG served as the general contractor for the project, which stands on a 5,000-square-foot interior plot between Second and Third Avenues.
